Hungary: Wood Slicing Machine Market 2023

Wood Slicing Machine Market Size in Hungary

The Hungarian wood slicing machine market soared to $X in 2021, picking up by 15% against the previous year. Over the period under review, consumption, however, recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wood Slicing Machine Production in Hungary

In value terms, wood slicing machine production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Wood Slicing Machine Exports

Exports from Hungary

After two years of decline, overseas shipments of splitting, slicing or paring machines increased by 4,893% to X units in 2021. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood slicing machine exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 2,951%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for wood slicing machine exports from Hungary, with a 93% share of total exports. Moreover, wood slicing machine exports to Romania exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +120.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.7% per year) and the Czech Republic (+6.1% per year).

In value terms, Romania ($X) emerged as the key foreign market for splitting, slicing or paring machines exports from Hungary, comprising 71% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania totaled +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.5% per year) and the Czech Republic (+21.2% per year).

Export Prices by Country

In 2021, the average wood slicing machine export price amounted to $X per unit, reducing by -91.9% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 2,378%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Slicing Machine Imports

Imports into Hungary

After two years of decline, supplies from abroad of splitting, slicing or paring machines increased by 52% to X units in 2021. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 73%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood slicing machine imports skyrocketed to $X in 2021. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the Czech Republic (X units) and China (X units) were the main suppliers of wood slicing machine imports to Hungary, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +145.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of splitting, slicing or paring machines to Hungary, comprising 72% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+133.8% per year) and China (+9.2% per year).

Import Prices by Country

In 2021, the average wood slicing machine import price amounted to $X per unit, with an increase of 41% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 111%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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